Gold Price Today: Tariff Fears and Aggressive Rate Cut Bets Push Metal Near $5,000

Gold prices continued their historic ascent on Friday, surging to trade at $4,979.53 USD per ounce. The precious metal has delivered a stunning performance, gaining 8.19% over the last seven days and registering a remarkable 15.31% increase year-to-date. As investors flock to safe-haven assets amidst growing global economic uncertainty, gold is rapidly approaching the psychological resistance level of $5,000.